Lifting price controls will help local milk producers
The shortage of essential products can be mitigated by creating a competitive business environment without price controls for imported and local products, according to an economic expert.
Chief Operations Officer of Advocata Institute Dhananath Fernando said by doing so, the consumer will be provided with an opportunity to select whatever goods that are suitable for them.
Participating in a discussion at the Government Information Department, he cited imported milk powder as an example and pointed out that freight charges have been increased by five or six-folds, adding that it was a world issue and not something exclusive for Sri Lanka.